- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
| EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24Q3 (20) | 0.19 | -68.85 | -5.0 | 27.10 | -13.14 | 3.75 | 11.53 | -32.69 | 28.68 | 11.27 | -57.6 | -8.22 | 8.89 | -61.13 | -10.56 | 1.05 | -69.65 | -11.76 | 0.57 | -68.68 | -12.31 | 0.06 | -25.0 | -14.29 | 29.37 | -27.27 | -0.47 | 81.35 | -9.25 | 1.93 | 102.33 | 59.17 | 39.53 | -2.33 | -106.51 | -108.72 | 16.76 | -7.76 | -8.52 |
| 24Q2 (19) | 0.61 | -39.6 | 22.0 | 31.20 | -3.14 | 5.26 | 17.13 | -13.4 | 18.63 | 26.58 | -13.98 | 23.4 | 22.87 | -14.25 | 21.39 | 3.46 | -39.93 | 16.11 | 1.82 | -41.29 | 13.75 | 0.08 | -33.33 | 0.0 | 40.38 | -0.3 | 16.23 | 89.64 | -0.28 | 3.27 | 64.29 | 0.54 | -4.97 | 35.71 | -0.95 | 7.14 | 18.17 | 4.37 | -13.02 |
| 24Q1 (18) | 1.01 | 124.44 | 20.24 | 32.21 | 21.23 | -1.74 | 19.78 | 44.27 | -5.58 | 30.90 | 52.67 | 9.96 | 26.67 | 55.51 | 10.85 | 5.76 | 123.26 | 14.74 | 3.10 | 116.78 | 12.73 | 0.12 | 50.0 | 9.09 | 40.50 | 19.96 | 5.94 | 89.89 | 10.16 | 3.16 | 63.94 | -6.55 | -14.42 | 36.06 | 10.5 | 42.59 | 17.41 | 85.21 | 15.22 |
| 23Q4 (17) | 0.45 | 125.0 | 95.65 | 26.57 | 1.72 | 5.02 | 13.71 | 53.01 | 18.29 | 20.24 | 64.82 | 78.64 | 17.15 | 72.54 | 96.0 | 2.58 | 116.81 | 85.61 | 1.43 | 120.0 | 81.01 | 0.08 | 14.29 | -11.11 | 33.76 | 14.4 | 38.87 | 81.60 | 2.24 | 4.09 | 68.42 | -6.7 | -32.85 | 32.63 | 22.37 | 1829.47 | 9.40 | -48.69 | -22.25 |
| 23Q3 (16) | 0.20 | -60.0 | 150.0 | 26.12 | -11.88 | 9.11 | 8.96 | -37.95 | 46.17 | 12.28 | -42.99 | 134.8 | 9.94 | -47.24 | 170.11 | 1.19 | -60.07 | 153.19 | 0.65 | -59.38 | 150.0 | 0.07 | -12.5 | 0.0 | 29.51 | -15.05 | 36.49 | 79.81 | -8.05 | 7.49 | 73.33 | 8.41 | -39.42 | 26.67 | -20.0 | 268.89 | 18.32 | -12.3 | -23.83 |
| 23Q2 (15) | 0.50 | -40.48 | 1100.0 | 29.64 | -9.58 | -3.42 | 14.44 | -31.07 | -29.53 | 21.54 | -23.35 | 1027.75 | 18.84 | -21.7 | 997.14 | 2.98 | -40.64 | 1031.25 | 1.60 | -41.82 | 988.89 | 0.08 | -27.27 | -11.11 | 34.74 | -9.13 | 130.83 | 86.80 | -0.39 | 1.57 | 67.65 | -9.46 | -93.59 | 33.33 | 31.82 | 103.49 | 20.89 | 38.25 | 80.09 |
| 23Q1 (14) | 0.84 | 265.22 | 50.0 | 32.78 | 29.57 | -5.12 | 20.95 | 80.76 | -14.84 | 28.10 | 148.01 | 36.74 | 24.06 | 174.97 | 56.03 | 5.02 | 261.15 | 61.41 | 2.75 | 248.1 | 49.46 | 0.11 | 22.22 | -8.33 | 38.23 | 57.26 | 27.18 | 87.14 | 11.16 | 27.53 | 74.71 | -26.67 | -37.58 | 25.29 | 1440.23 | 228.38 | 15.11 | 24.98 | 12.43 |
| 22Q4 (13) | 0.23 | 187.5 | -63.49 | 25.30 | 5.68 | -4.42 | 11.59 | 89.07 | -19.29 | 11.33 | 116.63 | -62.03 | 8.75 | 137.77 | -67.11 | 1.39 | 195.74 | -62.02 | 0.79 | 203.85 | -62.02 | 0.09 | 28.57 | 12.5 | 24.31 | 12.44 | -44.85 | 78.39 | 5.58 | 11.57 | 101.89 | -15.83 | 110.45 | -1.89 | 88.05 | -103.66 | 12.09 | -49.73 | 86.57 |
| 22Q3 (12) | 0.08 | 260.0 | 33.33 | 23.94 | -21.99 | 8.03 | 6.13 | -70.08 | -3.62 | 5.23 | 173.82 | 17.26 | 3.68 | 275.24 | 24.75 | 0.47 | 246.88 | 46.87 | 0.26 | 244.44 | 36.84 | 0.07 | -22.22 | 16.67 | 21.62 | 43.65 | -0.55 | 74.25 | -13.12 | -8.34 | 121.05 | -88.53 | -17.46 | -15.79 | 98.35 | 66.17 | 24.05 | 107.33 | 9.22 |
| 22Q2 (11) | -0.05 | -108.93 | -110.64 | 30.69 | -11.17 | -0.36 | 20.49 | -16.71 | 6.44 | 1.91 | -90.71 | -91.94 | -2.10 | -113.62 | -110.69 | -0.32 | -110.29 | -112.4 | -0.18 | -109.78 | -111.54 | 0.09 | -25.0 | 12.5 | 15.05 | -49.93 | -59.93 | 85.46 | 25.07 | 33.64 | 1055.56 | 781.86 | 1200.14 | -955.56 | -4751.28 | -5179.53 | 11.60 | -13.69 | -15.82 |
| 22Q1 (10) | 0.56 | -11.11 | -26.32 | 34.55 | 30.53 | 17.84 | 24.60 | 71.31 | 52.61 | 20.55 | -31.13 | -21.14 | 15.42 | -42.03 | -31.98 | 3.11 | -15.03 | -28.18 | 1.84 | -11.54 | -28.68 | 0.12 | 50.0 | 9.09 | 30.06 | -31.81 | -16.1 | 68.33 | -2.75 | 2.72 | 119.70 | 147.24 | 92.5 | -19.70 | -138.18 | -151.21 | 13.44 | 107.41 | -32.67 |
| 21Q4 (9) | 0.63 | 950.0 | 8.62 | 26.47 | 19.45 | -2.9 | 14.36 | 125.79 | 8.13 | 29.84 | 569.06 | 10.44 | 26.60 | 801.69 | 12.0 | 3.66 | 1043.75 | 6.09 | 2.08 | 994.74 | 1.96 | 0.08 | 33.33 | -11.11 | 44.08 | 102.76 | 10.95 | 70.26 | -13.27 | 1.52 | 48.41 | -66.99 | -1.51 | 51.59 | 210.54 | 1.46 | 6.48 | -70.57 | -27.68 |
| 21Q3 (8) | 0.06 | -87.23 | -77.78 | 22.16 | -28.05 | 18.19 | 6.36 | -66.96 | 87.61 | 4.46 | -81.19 | -71.28 | 2.95 | -84.99 | -79.82 | 0.32 | -87.6 | -80.12 | 0.19 | -87.82 | -79.57 | 0.06 | -25.0 | 0.0 | 21.74 | -42.12 | -32.27 | 81.01 | 26.68 | 18.47 | 146.67 | 80.65 | 566.67 | -46.67 | -348.07 | -159.83 | 22.02 | 59.8 | 12.46 |
| 21Q2 (7) | 0.47 | -38.16 | -28.79 | 30.80 | 5.05 | 3.67 | 19.25 | 19.42 | 12.7 | 23.71 | -9.02 | -8.77 | 19.65 | -13.32 | -12.82 | 2.58 | -40.42 | -35.01 | 1.56 | -39.53 | -32.47 | 0.08 | -27.27 | -20.0 | 37.56 | 4.83 | 4.13 | 63.95 | -3.86 | -16.34 | 81.19 | 30.57 | 22.68 | 18.81 | -51.09 | -45.57 | 13.78 | -30.96 | 0 |
| 21Q1 (6) | 0.76 | 31.03 | 137.5 | 29.32 | 7.56 | 0.0 | 16.12 | 21.39 | -24.07 | 26.06 | -3.55 | 108.31 | 22.67 | -4.55 | 177.82 | 4.33 | 25.51 | 129.1 | 2.58 | 26.47 | 128.32 | 0.11 | 22.22 | -21.43 | 35.83 | -9.82 | 81.79 | 66.52 | -3.89 | -0.3 | 62.18 | 26.5 | -63.69 | 38.46 | -24.36 | 154.85 | 19.96 | 122.77 | 77.11 |
| 20Q4 (5) | 0.58 | 114.81 | 87.1 | 27.26 | 45.39 | 35.49 | 13.28 | 291.74 | 52.29 | 27.02 | 73.99 | 109.95 | 23.75 | 62.45 | 116.3 | 3.45 | 114.29 | 86.49 | 2.04 | 119.35 | 85.45 | 0.09 | 50.0 | -10.0 | 39.73 | 23.77 | 71.32 | 69.21 | 1.21 | 0.65 | 49.15 | 123.42 | -26.84 | 50.85 | -34.81 | 54.96 | 8.96 | -54.24 | 12.85 |
| 20Q3 (4) | 0.27 | -59.09 | 0.0 | 18.75 | -36.89 | 0.0 | 3.39 | -80.15 | 0.0 | 15.53 | -40.25 | 0.0 | 14.62 | -35.14 | 0.0 | 1.61 | -59.45 | 0.0 | 0.93 | -59.74 | 0.0 | 0.06 | -40.0 | 0.0 | 32.10 | -11.01 | 0.0 | 68.38 | -10.54 | 0.0 | 22.00 | -66.76 | 0.0 | 78.00 | 125.7 | 0.0 | 19.58 | 0 | 0.0 |
| 20Q2 (3) | 0.66 | 106.25 | 0.0 | 29.71 | 1.33 | 0.0 | 17.08 | -19.55 | 0.0 | 25.99 | 107.75 | 0.0 | 22.54 | 176.23 | 0.0 | 3.97 | 110.05 | 0.0 | 2.31 | 104.42 | 0.0 | 0.10 | -28.57 | 0.0 | 36.07 | 83.0 | 0.0 | 76.44 | 14.57 | 0.0 | 66.18 | -61.36 | 0.0 | 34.56 | 149.29 | 0.0 | 0.00 | -100.0 | 0.0 |
| 20Q1 (2) | 0.32 | 3.23 | 0.0 | 29.32 | 45.73 | 0.0 | 21.23 | 143.46 | 0.0 | 12.51 | -2.8 | 0.0 | 8.16 | -25.68 | 0.0 | 1.89 | 2.16 | 0.0 | 1.13 | 2.73 | 0.0 | 0.14 | 40.0 | 0.0 | 19.71 | -15.01 | 0.0 | 66.72 | -2.97 | 0.0 | 171.26 | 154.91 | 0.0 | -70.11 | -313.68 | 0.0 | 11.27 | 41.94 | 0.0 |
| 19Q4 (1) | 0.31 | 0.0 | 0.0 | 20.12 | 0.0 | 0.0 | 8.72 | 0.0 | 0.0 | 12.87 | 0.0 | 0.0 | 10.98 | 0.0 | 0.0 | 1.85 | 0.0 | 0.0 | 1.10 | 0.0 | 0.0 | 0.10 | 0.0 | 0.0 | 23.19 | 0.0 | 0.0 | 68.76 | 0.0 | 0.0 | 67.19 | 0.0 | 0.0 | 32.81 | 0.0 | 0.0 | 7.94 | 0.0 | 0.0 |
| EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 (10) | 2.00 | 146.91 | 29.23 | -0.51 | 15.31 | -9.78 | 13.04 | 4.03 | 21.58 | 96.9 | 18.42 | 149.26 | 11.57 | 146.17 | 6.43 | 138.15 | 0.35 | -5.41 | 34.63 | 47.11 | 81.60 | 4.09 | 70.98 | -54.18 | 29.02 | 0 | 0.00 | 0 | 15.75 | 7.22 |
| 2022 (9) | 0.81 | -57.81 | 29.38 | 6.37 | 16.97 | 16.47 | 12.54 | -4.69 | 10.96 | -50.7 | 7.39 | -61.27 | 4.70 | -57.39 | 2.70 | -58.46 | 0.37 | 8.82 | 23.54 | -33.5 | 78.39 | 11.57 | 154.93 | 136.85 | -54.93 | 0 | 0.00 | 0 | 14.69 | -6.49 |
| 2021 (8) | 1.92 | 4.35 | 27.62 | 1.36 | 14.57 | -5.82 | 13.15 | 22.66 | 22.23 | 12.5 | 19.08 | 15.99 | 11.03 | 2.22 | 6.50 | 1.88 | 0.34 | -12.82 | 35.40 | 16.03 | 70.26 | 1.52 | 65.41 | -16.26 | 34.34 | 58.75 | 0.00 | 0 | 15.71 | 11.26 |
| 2020 (7) | 1.84 | 25.17 | 27.25 | 26.57 | 15.47 | 48.18 | 10.73 | 17.65 | 19.76 | 39.06 | 16.45 | 36.06 | 10.79 | 21.78 | 6.38 | 19.48 | 0.39 | -11.36 | 30.51 | 30.83 | 69.21 | 0.65 | 78.12 | 6.59 | 21.63 | -19.03 | 0.00 | 0 | 14.12 | 11.71 |
| 2019 (6) | 1.47 | 15.75 | 21.53 | -12.3 | 10.44 | -22.32 | 9.12 | 13.32 | 14.21 | 2.53 | 12.09 | 15.36 | 8.86 | 13.44 | 5.34 | 9.65 | 0.44 | -4.35 | 23.32 | 6.44 | 68.76 | 9.39 | 73.29 | -24.44 | 26.71 | 790.34 | 0.00 | 0 | 12.64 | 1.85 |
| 2018 (5) | 1.27 | -9.93 | 24.55 | 5.5 | 13.44 | 27.88 | 8.04 | -1.8 | 13.86 | -9.88 | 10.48 | -18.82 | 7.81 | -10.54 | 4.87 | -13.5 | 0.46 | 4.55 | 21.91 | -7.16 | 62.86 | 8.75 | 97.00 | 42.17 | 3.00 | -90.56 | 0.00 | 0 | 12.41 | -10.78 |
| 2017 (4) | 1.41 | 12.8 | 23.27 | -9.17 | 10.51 | -15.38 | 8.19 | -3.78 | 15.38 | 0.72 | 12.91 | 2.54 | 8.73 | 11.92 | 5.63 | 7.65 | 0.44 | 4.76 | 23.60 | -0.76 | 57.80 | 10.45 | 68.23 | -16.2 | 31.77 | 70.94 | 0.00 | 0 | 13.91 | -10.03 |
| 2016 (3) | 1.25 | -9.42 | 25.62 | 14.94 | 12.42 | 11.39 | 8.51 | 21.71 | 15.27 | 8.92 | 12.59 | 8.63 | 7.80 | -10.03 | 5.23 | -13.12 | 0.42 | -19.23 | 23.78 | 13.08 | 52.33 | 13.24 | 81.41 | 2.46 | 18.59 | -9.5 | 0.00 | 0 | 15.46 | 19.01 |
| 2015 (2) | 1.38 | 33.98 | 22.29 | 32.92 | 11.15 | 32.9 | 6.99 | 30.92 | 14.02 | 78.6 | 11.59 | 76.68 | 8.67 | 34.63 | 6.02 | 31.44 | 0.52 | -25.71 | 21.03 | 59.44 | 46.21 | 10.82 | 79.46 | -25.63 | 20.54 | 0 | 0.00 | 0 | 12.99 | 36.88 |
| 2014 (1) | 1.03 | -14.88 | 16.77 | 0 | 8.39 | 0 | 5.34 | -5.04 | 7.85 | 0 | 6.56 | 0 | 6.44 | 0 | 4.58 | 0 | 0.70 | 1.45 | 13.19 | -12.82 | 41.70 | 5.25 | 106.85 | 59.65 | -6.85 | 0 | 0.00 | 0 | 9.49 | -5.19 |
